Citizens Downgrades Workday, Shares Drop 1.3%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10 hours ago
0mins
Should l Buy WDAY?
Source: seekingalpha
- Rating Downgrade Impact: Citizens downgraded Workday from Market Outperform to Market Perform, resulting in a 1.3% drop in premarket trading, reflecting ongoing market concerns regarding the company's capabilities in artificial intelligence.
- CEO Transition Context: Workday announced that co-founder Aneel Bhusri will return as CEO, replacing Carl Eschenbach, aiming to revitalize the product engine and facilitate a successful transition from the SaaS era to the AI era through leadership change.
- Earnings Expectations: The company is set to report quarterly results after the market close on February 24, with analysts expecting earnings of $2.33 per share and revenue of $2.52 billion, which will significantly influence stock performance.
- Market Reaction Analysis: Citizens analyst Patrick Walravens noted that Bhusri may require time and investments to drive product innovation, indicating that the company's competitiveness in the AI sector needs enhancement, which could impact investor confidence and future stock performance.
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Analyst Views on WDAY
Wall Street analysts forecast WDAY stock price to rise
31 Analyst Rating
22 Buy
9 Hold
0 Sell
Moderate Buy
Current: 143.120
Low
235.00
Averages
275.19
High
325.00
Current: 143.120
Low
235.00
Averages
275.19
High
325.00
About WDAY
Workday, Inc. is a provider of an artificial intelligence (AI) platform to help organizations manage their people, money, and agents. The Company provides over 11,000 organizations with cloud solutions powered by AI to help solve business challenges, including supporting and empowering their workforce, managing their finances and spending in an ever-changing environment, and planning for the unexpected. It offers Financial Management, Spend Management, Human Capital Management (HCM), Planning, and Analytics applications. The Company sells its solutions worldwide primarily through direct sales. It also offers professional services, both directly and through its Workday Services Partners, to help customers deploy its solutions. It offers businesses flexible solutions to help them adapt to their industry-specific needs and respond to change. It serves various industries, including professional and business services, financial services, healthcare, education, government, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rating Downgrade Impact: Citizens downgraded Workday from Market Outperform to Market Perform, resulting in a 1.3% drop in premarket trading, reflecting ongoing market concerns regarding the company's capabilities in artificial intelligence.
- CEO Transition Context: Workday announced that co-founder Aneel Bhusri will return as CEO, replacing Carl Eschenbach, aiming to revitalize the product engine and facilitate a successful transition from the SaaS era to the AI era through leadership change.
- Earnings Expectations: The company is set to report quarterly results after the market close on February 24, with analysts expecting earnings of $2.33 per share and revenue of $2.52 billion, which will significantly influence stock performance.
- Market Reaction Analysis: Citizens analyst Patrick Walravens noted that Bhusri may require time and investments to drive product innovation, indicating that the company's competitiveness in the AI sector needs enhancement, which could impact investor confidence and future stock performance.
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